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Tag Archives: profits

FBI: Mortgage fraud still prevalent, hard to catch

WASHINGTON — Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday. The FBI’s annual report said mortgage schemes are particularly resilient and hard to ...

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Democrats pressure airlines to give back windfall

WASHINGTON — Democrats ratcheted up the pressure on airlines Friday to give back the windfall they’ve reaped by raising fares during the tax holiday created by the partial shutdown of the Federal Aviation Administration. But it was unclear how much ...

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UAW wants bigger cut of Detroit’s newfound profits

AUBURN HILLS, Mich. — To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago. Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. ...

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Marriott’s 2nd-qtr profit up 13 percent

BETHESDA — Hotel operator Marriott International says its second-quarter net income rose 13 percent as the industry’s recovery continued and its room rates rose. The company reported Wednesday that it earned $135 million, or 37 cents per share, for the ...

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Manufacturing expanding, but raw materials are rising

WASHINGTON — U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits. The Institute for Supply Management said Tuesday that its index of ...

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